With VIX very low (in the 12ish range) and UVXY here (inverted for ease of seeing possible "topping" pattern) breaching up through channel...chart shows UVXY as a good possible "short". As always, TBD.
Ergo, going long UVXY best way to take advantage of rising VIX .
23APR Update: VIX still going lower as mkts keep going up.... VIX spike should happen soon and could be pretty volatile (and profitable!) when it does. TBD when, of course!